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Central 1 Credit Union Appoints Interim CFO, Confirms Permanent Appointment of Corporate Secretary

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 29, 2013) - Central 1 Credit Union (Central 1) today announced that the Board of Directors has named Dan Blue, Central 1's current Vice President, Finance, as Interim Chief Financial Officer (CFO), effective August 1. He assumes the role of Interim CFO currently held by Helen Blackburn, who moves into the role of Interim President & Chief Executive Officer, also effective August 1.

Blue has been Central 1's Vice President, Finance since 2012 and joined Central 1 in 1999. A graduate of the University of British Columbia, Blue is a Chartered Accountant and Chartered Financial Analyst. Prior to joining Central 1, he was an audit manager with Grant Thornton LLP and managed audit engagements for a wide range of clients including both public companies and financial institutions.

The Board of Directors also confirmed that General Counsel, Wendy King, will assume the roles of Corporate Secretary and Senior Vice President, Government Relations, as well Chief Compliance Officer, on a permanent basis. She had been holding those positions on an acting basis since May 1 of this year.

About Central 1

Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems. Central 1 represents a consumer-oriented, full-service retail financial system that serves 3.2 million members and holds $88.7 billion in assets and is owned primarily by its member credit unions, 44 in B.C. and 96 in Ontario.

With offices in Vancouver, Mississauga, and Toronto, Central 1 provides liquidity management, direct banking and payment service solutions as well as a wide range of trade services. For more information, visit www.central1.com.